Youku Tudou Inc (ADR) (NYSE:YOKU) has recently got another shareholder, Ali YK Investment Holding Ltd, which recently reported ownership of 23.4% of the company’s outstanding class A shares. The stake held by Ali YK Investment Holding contains a total of 720.12 million class A shares. The stake is activist by nature.
Youku Tudou Inc (ADR) (NYSE:YOKU) is a $3.70 billion Internet TV company headquartered in China. Its stock has dropped by over 30% year-to-date, which however did not scare other shareholders, many of which have raised their stakes in the company. Kerr Neilson’s Platinum Asset Management, in its latest 13F, reported ownership of 9.64 American Depositary Shares of Youku Tudou Inc (ADR) (NYSE:YOKU), edging up its stake by 6% on the quarter. Rob Citrone’s Discovery Capital Management and David Stemerman’s Conatus Capital Management both initiated stakes inYouku Tudou Inc (ADR) (NYSE:YOKU) during the first quarter, revealing ownership of 5.79 million and 2.18 million ADRs.